JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Trading 39.2% Higher – Here’s Why

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) traded up 39.2% during trading on Thursday . The stock traded as high as $56.33 and last traded at $77.2240. 276,646 shares traded hands during trading, a decline of 62% from the average session volume of 724,275 shares. The stock had previously closed at $55.48.

JPMorgan BetaBuilders Europe ETF Price Performance

The firm’s 50 day moving average price is $73.43 and its two-hundred day moving average price is $70.56. The stock has a market cap of $5.23 billion, a PE ratio of 16.78 and a beta of 0.93.

Institutional Trading of JPMorgan BetaBuilders Europe ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BBEU. Signaturefd LLC purchased a new position in JPMorgan BetaBuilders Europe ETF during the 4th quarter valued at about $28,000. Rothschild Investment LLC bought a new position in shares of JPMorgan BetaBuilders Europe ETF in the second quarter valued at approximately $32,000. CIBC Private Wealth Group LLC bought a new position in shares of JPMorgan BetaBuilders Europe ETF in the third quarter valued at approximately $42,000. Farther Finance Advisors LLC increased its holdings in JPMorgan BetaBuilders Europe ETF by 1,196.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 661 shares of the company’s stock worth $45,000 after acquiring an additional 610 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in JPMorgan BetaBuilders Europe ETF during the 3rd quarter worth approximately $55,000.

JPMorgan BetaBuilders Europe ETF Company Profile

The JPMorgan BetaBuilders Europe ETF (BBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. BBEU was launched on Jun 15, 2018 and is managed by JPMorgan Chase.